Author Larry Kahaner reported on the value of diamonds as an illicit product. Kahaner stated that “Diamonds and other gemstones are perfect for moving wealth around they are small, hold their value, and are universally acceptable as barter, don’t set off airport metal detectors, and can easily be converted to cash.”
Author: havocscope
Most Cuban Cigars Sold in the US is Fake
Cigar Aficionado estimates that 80 to 90 percent of Cuban Cigars sold in the United States are counterfeit cigars.
Counterfeit Cosmetics Sold in France
Counterfeit cosmetics make up to 10 percent of the total French cosmetics market.
Fake Cosmetic Sales in the Gulf Region
The counterfeit cosmetics market in the Gulf Region is estimated to be worth $210 million.
Spending in Italy on Fake Clothes in 2006
Shoppers in Italy spent $4.6 Billion on counterfeit clothing in 2006.
Tax Loss in Brazil due to Counterfeit Tobacco
Counterfeit cigarettes creates tax revenue losses of up to $500 million in Brazil.
Fake Cigarette Production in China in 2003
Cigarette make Phillip Morris International claims that China produces 190 billion counterfeit cigarettes each year.
Seizures of Fake Cigarettes in China in 2006
Police in China seized 9.07 billion counterfeit cigarettes in 2006. 6,334 people were arrested for selling counterfeit cigarettes, with 2,313 prosecuted.
Fake Cigarette Production in North Korea
41 billion counterfeit cigarettes produced each year in North Korea and are then sold in China, Japan, and the United States.
Lost Tax Revenue in Pakistan due to Counterfeit Tobacco Sales
Counterfeit cigarettes causes $220 Million in lost tax revenue to the government of Pakistan.